There are no changes to any of the iShares models this week. The iShares Russell 1000 Growth ETF IWF gave an eighth consecutive buy signal on its default chart last week when it completed a bullish catapult at $210, marking a new all-time high for the fund. Large cap growth continues to lead the DALI domestic equity size and style rankings as it has for the majority of the year.  

IWF currently has a near-perfect 5.67 fund score, 1.32 points better than the 4.35 average for all domestic equity growth funds, and a positive 1.10 score direction. Year-to-date (through 8/12) IWF has gained 20.17% on a price return basis. Although it currently sits at an all-time high on its default chart, a weekly overbought/oversold (OBOS) of 63% puts IWF just inside of the actionable range, so those interested in adding exposure may do so here. The fund has most recently found support at $196, with several levels of additional support in the $170s and $180s.

This section of the report categorizes select iShares Fixed Income and Currency ETPs by their respective fund groups. Along with each group, you can view the Average Group Score, which is an average of the scores of all funds represented in that particular group. Those iShares ETFs that meet or exceed the Average Group Score will be highlighted in green in order to easily view those ETFs that have superior strength within their respective group. You want to focus on those ETFs that exhibit superior strength when looking to add new exposure to a particular group.

The distribution curve places each ETF on a bell curve according to their respective degrees of overbought or oversold status using a 10-week distribution. ETFs that are statistically oversold will appear on the left-hand side of the bell curve, while those that have become statistically overbought will appear on the right-hand side of the bell curve. Perhaps the most useful attribute of this feature is that it displays the entire universe on the curve at one time with an "average level" to give us a general picture of whether the iShare ETF universe is generally overbought on a near-term basis, or generally oversold. Our best opportunities are to buy strong market ETFs that have regressed back toward mean conditions based on market weakness, or have become oversold based upon extreme market weakness. 

Weekly Distribution is a short-term gauge that is most helpful in timing entry and exit points, while the longer-term information of trend and relative strength is a more controlling factor in the decision of whether to buy or sell. The Distribution Curve below displays those ETFs with positive RS in uppercase letters and those ETFs with poor RS versus the market in lowercase letters. As well, those ETFs that are on a Point & Figure Buy signal appear in Green letters, while those on Sell signals can appear in Red letters. Box Color indicates the Sector Status Rating. Green = Favored, Yellow = Average, and Red = Unfavored.

Average Level

41.28

								IXJ
								epu
								iyz
								ewa
								gsg
								jxi
								ewq
								ihf
								ewj
								IJH
								epol	IHI
							ewp	IHE	IYJ
							iyg	IJR	kxi
						ieo	fxi	ewi	ewc
						ews	IAI	efa	IVV
						ixc	ewh	ixp	ewn
						ITA	idu	erus	IYY
						iat	dvy	iym	exi
						IGV	iak	bkf	SOXX
						ewm	igf	iev	IAU
					IBB	icf	iez	ezu	indy
					thd	eww	ewu	ign	IYC	iyt
					ech	enzl	eufn	eis	mxi	RXI	ewt
					eza	ige	ixg	ewg	IXN	eems	ewy
					ewz	eido	ewk	ewl	wood	ITB	icln
		tur		emif	ilf	ewo	epp	eem	ewd	iyk	slv
<--100	-100--80	-80--60	-60--40	-40--20	-20-0	0-20	20-40	40-60	60-80	80-100	100->

This section of the report categorizes select iShares ETFs by their respective broad group. Along with each group, you can view the Average Group Score, which is an average of the scores of all funds represented in that particular group. Those iShares ETFs that meet or exceed the Average Group Score will be highlighted in green in order to easily view those ETFs that have superior strength within their respective group. You want to focus on those ETFs that exhibit superior strength when looking to add new exposure to a particular group.

Weekly Updates: No changes.